William Rance King, Jr.,President

RK Properties was founded in 1976 by William Rance King, Jr. (RK) after a ten year history in business machines for a Fortune 500 company. He was a pioneer in developing and marketing early style computers that were sold to a variety of industries, primarily focused on commercial real estate. By the time he became National Director of Sales, he had already purchased his first few apartment buildings, which was the inception of what would become RK Properties.In the beginning, RK Properties did Tenant-in-Common (TIC) deals with a small group of business associates and friends. This eventually evolved into the limited partnership business, then into Limited Liability Corporations until, in the 1990’s, the TIC structure dominated the real estate market. Over the past 37 years, RK Properties has syndicated 156 properties and had 139 properties go full cycle. A ‘track record’ of success that simply does not exist with any other firm As an industry leader, RK Properties truly pioneered the TIC industry with our first TIC structured Reg D offering in 1994. Today RK Properties is a regional sponsor with properties in the 5 Western States plus Florida. We focus on A/B communities in dynamic areas. We have a large presence in Phoenix and Las Vegas with regional property managers based in both. Our current fund III is the 3rd in a row in this business cycle and has acquired it first property in Phoenix and will be adding the second in early 2014. The fund is a $50MM to $100MM equity fund and it will have a large number of TIC investors as well as fund investors. During 2013 we sold the Canyon View apartments which was purchased 8 years before for $25MM, during its holding period it produced an average of $1MM a year in distributable cash flow and was sold for $36.5MM. during 2014 we will be selling a Colorado asset and possibly a Florida asset. The next few years will be very busy as we plan on selling over $200MM in current assets and acquiring $300MM in new ones, focusing on your core markets.